Global Coiled Tubing Market Research Report - Forecast to 2027

1
Global Coiled Tubing Market Research Report -
Forecast to 2027

• Coiled Tubing Market Outlook and Opportunities in
  Grooming Regions with Forecast 2023

2
Market Overview

• Market Research Future (MRFR), in its latest
  coiled tubing market 2020 report, discusses
  different factors that can boost the expansion of
  the market. MRFR findings states that the coiled
  tubing market is expected to rise at 5.37 CAGR
  during the review period (20182023). MRFR report
  also reveals that the coiled tube market can
  value at USD 7,091.2 Mn by 2023. Segment study
  and market dynamics are discussed in the report
  for the coming years. The large demand for coiled
  tube for pumping chemicals into oil wells can
  boost the market due to the rise in energy and
  power activities. The easy installation of coiled
  tubing in oil wells and rise in their numbers can
  boost the expansion of the market. The growing
  awareness about beneficial features of coiled
  tubes can impact the coiled tube market
  positively. On the contrary, the high
  technological complexities associated with coiled
  tube can deter the growth rate of the market.

3
Market Segmentation

• The segment study of the world coiled tubing
  market is based on application and service.
• The service type based segments of the coiled
  tubing market are drilling, well intervention,
  and others. The well intervention segment can
  gain considerable traction due to the increased
  count of aging wells. The well intervention
  segments are well cleaning, and others. These
  others are well simulation, well perforation,
  pumping, and circulation. The well intervention
  segment can value at USD 2,603.7 Mn at 5.94 CAGR
  during the study period.
• The application based segments of the coiled
  tubing global market are onshore and offshore.
  The onshore segment garnered a larger share of
  the world market in 2018. The greater feasibility
  and cost-effectiveness of offshore application
  can boost the expansion of the world coiled
  tubing market. The high utility of coiled tube in
  self-contained coiled tubing rig for light
  operations, smaller service rigs, and mobile can
  prompt the growth of the market. The rise in
  shale gas exploration activities and its growing
  demand in the US, along with increased drilling
  activities can fuel the onshore application
  segment. The onshore segment can rise from USD
  3,704.1 million in 2018 to USD 5,095.6 million by
  2023. The offshore segment can expand at 5.33
  CAGR across the forecast period.
• Access Report Details _at_ https//www.marketresearch
  future.com/reports/coiled-tubing-market-1738

4
Regional Study

• In the Asia Pacific region, the coiled tube
  market is expected to head in the study period.
  The rise in focus on the vast unexplored reserves
  and the identification of new oil fields can
  boost the expansion of the market the years to
  come. In APAC, the rise in the count of shale
  reservoirs that are present in China, requires a
  high count of coiled tubing units. This creates
  high growth prospects the coiled tubing services
  market in APAC. The supportive political
  environment, substantial hydrocarbon reserves,
  transparent regulatory structure, and the hike in
  demand for oil and gas across the APAC region can
  attractive foreign investment. To illustrate, the
  100 FDI allowed by the Indian government for
  market segments, such as petroleum products,
  natural gas, and refineries can impel the
  expansion of the world coiled tube market in the
  years to come. The increased demand for offshore
  oil production and growing number of refinery
  projects can boost APAC market growth.

5
Key Competitors

• MRFR identified major players in the world coiled
  tubing market. They are Halliburton (US),
  Schlumberger (US), Baker Hughes, a GE Company LLC
  (US), Weatherford (US), CJ Energy Services, Inc
  (US), Nabors Industries Ltd (UK), Calfrac Well
  Services Ltd (Canada), Trican (Canada), Step
  Energy Services Ltd (US), RPC Inc (US), and Key
  Energy Services Inc (US).

6
About Market Research Future

• At Market Research Future (MRFR), we enable our
  customers to unravel the complexity of various
  industries through our Cooked Research Report
  (CRR), Half-Cooked Research Reports (HCRR), Raw
  Research Reports (3R), Continuous-Feed Research
  (CFR), and Market Research Consulting Services.
• MRFR team have supreme objective to provide the
  optimum quality market research and intelligence
  services to our clients. Our market research
  studies by products, services, technologies,
  applications, end users, and market players for
  global, regional, and country level market
  segments, enable our clients to see more, know
  more, and do more, which help to answer all their
  most important questions.
• In order to stay updated with technology and work
  process of the industry, MRFR often plans
  conducts meet with the industry experts and
  industrial visits for its research analyst
  members.

7
Contact us

• Market Research Future
• 1 646 845 9312
• Email sales_at_marketresearchfuture.com